What happens when infrastructure startups disappear? Innovation doesn’t stop, but the industry definitely loses a critical font of ideas that challenge the big vendor mentality and established standards. Services innovation is already outpacing network innovation — the problem is only going to get worse.
Proving that virtual currency can be worth a good amount of real-life cash, social stock market Empire Avenue has landed $1.2 million in funding. Empire Avenue serves a unique and somewhat controversial purpose: It’s a stock market that puts a price on people instead of companies.
Much is being made lately of a potential new bubble forming in the tech industry. But some say things aren’t quite as frothy as they’re being made out to be. Many of today’s most well-funded startups may soon find themselves without necessary second round investors.